113,767 Shares in Industrial Logistics Properties Trust (NASDAQ:ILPT) Acquired by Franklin Resources Inc.

Franklin Resources Inc. purchased a new stake in shares of Industrial Logistics Properties Trust (NASDAQ:ILPT) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 113,767 shares of the company’s stock, valued at approximately $501,000. Franklin Resources Inc. owned about 0.17% of Industrial Logistics Properties Trust at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Renaissance Technologies LLC grew its holdings in shares of Industrial Logistics Properties Trust by 162.9% during the 2nd quarter. Renaissance Technologies LLC now owns 454,300 shares of the company’s stock valued at $1,672,000 after purchasing an additional 281,500 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in Industrial Logistics Properties Trust during the second quarter valued at about $741,000. State Street Corp boosted its position in Industrial Logistics Properties Trust by 21.0% during the third quarter. State Street Corp now owns 997,661 shares of the company’s stock valued at $4,749,000 after buying an additional 173,230 shares during the period. Jane Street Group LLC bought a new position in shares of Industrial Logistics Properties Trust during the third quarter valued at about $784,000. Finally, Deerfield Management Company L.P. Series C bought a new stake in shares of Industrial Logistics Properties Trust in the 2nd quarter valued at about $542,000. 49.08% of the stock is owned by hedge funds and other institutional investors.

Industrial Logistics Properties Trust Trading Down 0.6 %

Shares of ILPT stock opened at $3.58 on Tuesday. The company has a debt-to-equity ratio of 4.13, a current ratio of 4.53 and a quick ratio of 4.53. The business has a 50-day moving average of $3.67 and a 200 day moving average of $4.22. The stock has a market capitalization of $236.78 million, a PE ratio of -2.28 and a beta of 1.83. Industrial Logistics Properties Trust has a 1-year low of $3.15 and a 1-year high of $5.45.

Industrial Logistics Properties Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, October 28th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 1.12%. The ex-dividend date was Monday, October 28th. Industrial Logistics Properties Trust’s dividend payout ratio is -2.55%.

About Industrial Logistics Properties Trust

Industrial Logistics Properties Trust (Nasdaq: ILPT) is a real estate investment trust, or REIT, focused on owning and leasing high quality distribution and logistics properties. As of December 31, 2023, ILPT's portfolio consisted of 411 properties containing approximately 60 million rentable square feet located in 39 states.